253 Results for:

February 12, 2018

China
The Belt and Road Initiative Didn't Quite Live up to its Hype in 2017 The Belt and Road Initiative Didn't Quite Live up to its Hype in 2017

China's balance of payments data doesn't show any material increase in the pace of offshore lending.

December 28, 2017

Global Governance
Angela Merkel, Donald J. Trump, and Emmanuel Macron during a family photo at the G7 Summit in Sicily, Italy on May 27, 2017. Year One of America First: Global Governance in 2017

Coauthored with Anne Shannon, former intern in the International Institutions and Global Governance program at the Council on Foreign Relations. After President Donald J. Trump’s election last fal…

December 22, 2017

Cybersecurity
REUTERS/Jonathan Ernst Year in Review: Malware Attacks Impact Operations and the Bottom Line

2017 will be remembered as the year that cyber incidents started inflicting real economic losses on companies. 

December 20, 2017

Economics
The Phillips Curve Is Dead. Long Live the Phillips Curve! The Phillips Curve Is Dead. Long Live the Phillips Curve!

“I am confident that the apparent disconnect between growth and inflation is a temporary phenomenon,” said ECB executive board member Yves Mersche on December 6. The “deep downturn” in the Eurozo…

December 15, 2017

United States
Why The Trade Balance (Still) Matters Why The Trade Balance (Still) Matters

It is a useful indicator (even for the U.S.)

November 21, 2017

Eurozone
The Eurozone’s Fiscal Version of the Impossible Trinity? The Eurozone’s Fiscal Version of the Impossible Trinity?

The eurozone member-states may never be able to run a fiscal policy that is optimal for the eurozone taken as a whole.

May 30, 2017

China
A Few Words on China’s “New” Exchange Rate Regime A Few Words on China’s “New” Exchange Rate Regime

The return of the "fix" doesn't answer the more fundamental question of how China intends to manage its currency.

May 18, 2017

China
Estimated Chinese Intervention in April Estimated Chinese Intervention in April

Chinese reserves appear to be stable over last three months.

May 15, 2017

China
China Still Wants To Import Commodities, Not Manufactures (Judging From The "Early Harvest" Trade Deal) China Still Wants To Import Commodities, Not Manufactures (Judging From The "Early Harvest" Trade Deal)

China tends to import natural resources—oil, iron ore, soybeans and the like. Now that China has a large industrial economy, it doesn't have much choice: China wasn’t blessed with a ton of oil or gas…

April 26, 2017

Trade
Using Fiscal Policy to Drive Trade Rebalancing Turns Out To Be Hard Using Fiscal Policy to Drive Trade Rebalancing Turns Out To Be Hard

The idea behind “fiscally-driven external rebalancing” is straightforward. If countries with external (e.g. trade) surpluses run expansionary fiscal policies, they will raise their own level of de…